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On BNN, we have an interview with Hunter Harrison on all things trains, a special on pension funds (the costs and risks as well as how much do you need to retire?), as well as an on-going review of the new highs in equity markets.

The calendar is full of earnings including Loblaw (beat), TD (in line with dividend hike), Canadian Tire (miss but revenue better), CIBC (beat and dividend hike), Catamaran (beat with revenue above estimates), Stantec (miss although revenue better).

Busy morning. We have lots of Canadian earnings that will drive activity including Royal Bank with a beat and a two-cent dividend hike, National Bank reports a two-cent beat, Encana with a miss and a cut in 2015 capital expenditures, Magna reported better than expected earnings, split the stock two-for-one and raised the dividend to 44 cents per quarter from 38 cents.